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Singapore services, manufacturing cautiously optimistic on outlook
August 01, 2025
|The Straits Times
Business sentiment in Singapore's services and manufacturing sectors has turned slightly more upbeat, although most firms are still largely cautious amid ongoing trade tensions and tariff uncertainties.
According to the Business Expectation Survey released by the Department of Statistics on July 31, 17 per cent of firms are optimistic about business conditions from July to December, while 15 per cent are pessimistic. The rest expect conditions to remain the same. The percentages are weighted based on the companies' operating revenue and value added.
Although only a weighted 2 per cent more firms are expecting a better outlook, this is a significant turnaround from the minus 17 per cent reported in the previous survey for the April to September period. The most optimistic industries are accommodation and retail trade, as well as recreation, community and personal services.
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